Trade Report: Today, Marks and Spencer Group Plc (MKS) Given “Hold” Rating at Canaccord Genuity

Today, Marks and Spencer Group Plc (MKS) Given “Hold” Rating at Canaccord Genuity

Marks and Spencer Group Plc (LON:MKS)‘s stock had its “hold” rating restated by equities research analysts at Canaccord Genuity in a research note issued to investors on Tuesday. They presently have a GBX 330 ($4.12) price objective on the retailer’s stock. Canaccord Genuity’s price target would suggest a potential downside of 1.55% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Haitong Bank reissued a “buy” rating and set a GBX 375 ($4.69) price objective on shares of Marks and Spencer Group Plc in a research note on Tuesday, November 8th. HSBC reissued a “buy” rating and set a GBX 465 ($5.81) price objective on shares of Marks and Spencer Group Plc in a research note on Tuesday, November 8th. Peel Hunt reissued a “buy” rating and set a GBX 500 ($6.25) price objective on shares of Marks and Spencer Group Plc in a research note on Tuesday, November 8th. Investec reissued a “hold” rating and set a GBX 315 ($3.94) price objective on shares of Marks and Spencer Group Plc in a research note on Monday, November 7th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 285 ($3.56) price objective on shares of Marks and Spencer Group Plc in a research note on Thursday, October 27th. Ten equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 388.52 ($4.85).

Marks and Spencer Group Plc (LON:MKS) traded down 0.24% on Tuesday, reaching GBX 335.20. The company’s stock had a trading volume of 3,217,125 shares. The stock’s market capitalization is GBX 5.44 billion. Marks and Spencer Group Plc has a 52 week low of GBX 255.10 and a 52 week high of GBX 515.00. The firm has a 50 day moving average price of GBX 334.26 and a 200 day moving average price of GBX 344.05.

The firm also recently disclosed a dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, November 17th will be given a dividend of GBX 6.80 ($0.08) per share. This represents a dividend yield of 2.05%. The ex-dividend date is Thursday, November 17th.

In other Marks and Spencer Group Plc news, insider Patrick Bousquet Chavanne acquired 2,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was acquired at an average price of GBX 336 ($4.20) per share, with a total value of £6,720 ($8,395.80).

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